Verizon (VZ) and AOL (AOL) dominate business headlines after the former agreed to buy the latter for $50 a share, valuing the deal at $4.4 billion. The acquisition will bolster Verizon’s move into digital platforms. Stocks were lower as global equities sold off in a global bond rout. Recent volatility in the Treasury market has scared investors away from riskier assets such as equities. Bonds have been under pressure for the past two weeks as macro events came to a head, including increased inflation expectations in the eurozone and a recovery in oil prices. Gap (GPS) was lower after missing quarterly revenue estimates.
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